Commodities
Corn Futures Hold Firm Amid Supply Risks in Black Sea Region
Corn futures have continued to trade near their highest levels since mid-2023, remaining firm around $5.3 per bushel.
The stability in prices is largely due to supply risks in the Black Sea region, where ongoing Russian attacks on Ukrainian ports and logistics are disrupting grain flows.
Ukraine has been forced to reroute exports through the Danube, which is partly filling the gap left by disrupted supplies. Argentina is also capturing additional demand with record corn exports expected in August-September, reaching 10 million metric tons.